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big unions say the same, pat buchanan said it is hard to cut a deal, hen no one is cutting budget or slowing growth. that is reality. ratio now. 3 to 1 in favor of tax hikes over spending cuts. that is a best case scenario right now. >> well, the -- i remember ron aronald reagan in 1985, he said they promised me $3 in spending cuts for every one in spending cuts, they gave him opposite he felt he had been taken to the cleaners in the bill, in 1982, that was on his mind for the rest of his presidency, and republicans are headed into the same trap. neil: i think, there are a lot of people who don't like tax hikes, but president campaigned to hiking taxes on the wealthy, as much as i'm against it, it is going to happen. but if that a consequence, it is not, other consequence should not be you republicans losing your backbone and resolve on issues near to you, but they are folding on cheap suits on ooe issue after another, what gives? >> i think they realize, they have a gun to their head, they are told by the president, either you will give me an increase in tax rates, repeals bush tax
big unions say the same, pat buchanan said it is hard to cut a deal, hen no one is cutting budget or slowing growth. that is reality. ratio now. 3 to 1 in favor of tax hikes over spending cuts. that is a best case scenario right now. >> well, the -- i remember ron aronald reagan in 1985, he said they promised me $3 in spending cuts for every one in spending cuts, they gave him opposite he felt he had been taken to the cleaners in the bill, in 1982, that was on his mind for the rest of his...
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ashley: a new report finds the most core are up country in the european union is, guess, take a guess. it is a greece. tracy: i was going to say italy. i really was. ashley: they're not far behind. annual corruption index says all the countries embroiled in financial crisis top the list in europe, spain, portugal, yes, operationsy, italy. it measures the perception of the corruption in the public sector. as the most corrupt nations in the world. here we go. afghanistan, north korea, and somalia top the list. on the other side of the spectrum, countries with least perceived corruption, denmark, fin left-hand and new zealand. where does the u.s. rank? 19th. tracy: nobody lives in those countries. ashley: what they do is very simple and very clean. tracy: very blond. ashley: very blond. definitely in denmark and finland, that's for sure. tracy: the dark skin, the dark eyes. we're all evil at heart. ashley: that is the quote of the day. thanks, tracy. i didn't say that. tracy: all right. quarter after. come on. right? think about it. as we do every 15 minutes we check on the markets, nico
ashley: a new report finds the most core are up country in the european union is, guess, take a guess. it is a greece. tracy: i was going to say italy. i really was. ashley: they're not far behind. annual corruption index says all the countries embroiled in financial crisis top the list in europe, spain, portugal, yes, operationsy, italy. it measures the perception of the corruption in the public sector. as the most corrupt nations in the world. here we go. afghanistan, north korea, and somalia...
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right to work does not ban unions. it makes them stronger because now the union has to be accountable to their members and cannot take them for granted. gerri: i am sure many union members agree with you. we need some control and level playing field for workers. thank you for coming on. if you get some kind of movement on that night, please let us know. we would love to report it. thank you for coming on and showing us these numbers. it's just amazing. thank you. joining me now, is jerry brown. welcome to the show. it is great to have you. we played this very controversial soundbite from this woman who said it should be quid pro quo for detroit. do you agree? >> no, i do not agree. i can look out my window and see general motors and see what happened with the bankruptcy when the federal government got involved. the cfo lost their jobs from the board of directors lost their jobs, and there are restrictions to the money coming in. so the federal government. the city of detroit knows what the problems are. the question is
right to work does not ban unions. it makes them stronger because now the union has to be accountable to their members and cannot take them for granted. gerri: i am sure many union members agree with you. we need some control and level playing field for workers. thank you for coming on. if you get some kind of movement on that night, please let us know. we would love to report it. thank you for coming on and showing us these numbers. it's just amazing. thank you. joining me now, is jerry brown....
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stuart: new video from the teachers union may further that argument. we will show it to you when our voice of reason in california mike reagan joins us atat0:45. >>> i do not give specific investment advice. it's not what we do on varney & company, and besides i'm the guy who invested in microsoft. you wouldn't want a stock tip from me now, would you? having said that, here is my take on real estate. i still think a single family home in a solid neighborhood is a good investment. think about it, taxes on dividends, interest and capital gains, almost certainly going up, so get a dividend payment and a tax bite goes up. sell a stock, sell a bond, and the tax goes up. but a house? no dividend, no interest, and if there is a capital gain, it's long-term, and you choose when to pay the tax. plus, home prices remain low, and the cost of borrowing for that mortgage is the lowest on record. so you can buy cheap and let your profit accumulate, tax-free, and you have a few write-offs when the tax bill does come due. i don't know what's going to happen to stocks
stuart: new video from the teachers union may further that argument. we will show it to you when our voice of reason in california mike reagan joins us atat0:45. >>> i do not give specific investment advice. it's not what we do on varney & company, and besides i'm the guy who invested in microsoft. you wouldn't want a stock tip from me now, would you? having said that, here is my take on real estate. i still think a single family home in a solid neighborhood is a good investment....
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david: the unions have already dumped on that the union seas that is unacceptable. >> well, they have dumped on it but we passed it on a 14-0 vote. for new employees that is going to be the new paradigm. david: okay. >> you're right, there is opposition to that. they like putting pictures of me and governor walker but at the end of the day we've got to protect pension security for our current employees. put a plan together and we have for new employees. i would have liked to have seen us go even further but i'll tell you, it was a giant step forward when you look where we were. liz: well, mayor, thank you very much. we're glad the strike is over and the only good thing about the nhl lockout is that the l.a. kings can hold onto the stanley cup an extra couple months. david: you have a much cleaner dodgers stadium as well too with the new ownership, right, quickly? >> we have a great dodger ownership. i couldn't be more excited about next year. the same with the lakers. you saw what the galaxy did and the kings. liz: clippers. clippers. david: good sports town. >> clippers, of course. l
david: the unions have already dumped on that the union seas that is unacceptable. >> well, they have dumped on it but we passed it on a 14-0 vote. for new employees that is going to be the new paradigm. david: okay. >> you're right, there is opposition to that. they like putting pictures of me and governor walker but at the end of the day we've got to protect pension security for our current employees. put a plan together and we have for new employees. i would have liked to have...
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we are gathered here today to celebrate the union of tim and laura. it's amazing how appreciative people are when you tell them they could save a lot of money on their car insurance by switching to geico...they may even make you their best man. may i have the rings please? ah, helzberg diamonds. nice choice, mate. ...and now in the presence of these guests we join this loving couple. oh dear... geico. 15 minutes could save you 15% or more on car insurance. >>> in speaking to a business round table in washington this morning, the president praised on entrepreneurs for their innovation and their record corporate profits. but he also took the opportunity to explain why raises taxes on the wealthiest of americans is unlikely to prove particularly damaging. >> let's allow higher rates to go up for the top 2%, that includes all of you, yes, but not in any way that's going to affect your spending, your lifestyles or the economy in any significant way. >> congressman steve from new york and chairman of the democratic congressional campaign committee. good aft
we are gathered here today to celebrate the union of tim and laura. it's amazing how appreciative people are when you tell them they could save a lot of money on their car insurance by switching to geico...they may even make you their best man. may i have the rings please? ah, helzberg diamonds. nice choice, mate. ...and now in the presence of these guests we join this loving couple. oh dear... geico. 15 minutes could save you 15% or more on car insurance. >>> in speaking to a business...
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the teaching union is the heart of the democratic party. this is, in particular, is a teacher union in which poor black and hispanic kids in los angeles and ok land and san francisco school systems are being denied a good education by this very union. they will go on strike if you try to connect performance with reward. half the children in the schools, poor black and hispanics whose parents can not afford to put them in private schools which is what everyone else is doing, half of them drop out before they graduate. what of the ones who graduate are functionally illiterate. they will never get a decent job. >>eric: david, let's stay on the video. the teachers union puts this together and in the video they talk about the amount, the bailout, specifically, that money was spent to rich people bailed out rich bankers and the rich stock market. hopefully we have a full screen of this. look at money that came from that stimulus package that they reference in the video, the department of education, $53 billion. >>guest: it is going into the pocke
the teaching union is the heart of the democratic party. this is, in particular, is a teacher union in which poor black and hispanic kids in los angeles and ok land and san francisco school systems are being denied a good education by this very union. they will go on strike if you try to connect performance with reward. half the children in the schools, poor black and hispanics whose parents can not afford to put them in private schools which is what everyone else is doing, half of them drop...
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it obscures the fact of how wealthy the unions are. from the city journal article, in the last decade, the teachers unions spent more on politics in the last decade than the oil industry and the pharmaceutical industry and the tobacco industry combined. >> greta: don't they worry with the bad situation economically in california, and they're in a really tough situation, don't you think they worry that in 2011 they were 5400 who have pensions of over $100,000, if you look at the numbers and everything else that's going on in the state, i mean, it is in such deep trouble, wouldn't you think they would be terrified that they're running people out of the state and losing any tax base? of course, they did just recently vote to raise taxes. >> look at what happened in wisconsin. it's not as if public sector unions said oh, gosh, we should just take these reforms and not roprotest. it was a fight to the death in wisconsin. >> greta: even that was a push. a negotiated settlement where it works with both sides is the best way to do it. >> that'
it obscures the fact of how wealthy the unions are. from the city journal article, in the last decade, the teachers unions spent more on politics in the last decade than the oil industry and the pharmaceutical industry and the tobacco industry combined. >> greta: don't they worry with the bad situation economically in california, and they're in a really tough situation, don't you think they worry that in 2011 they were 5400 who have pensions of over $100,000, if you look at the numbers...
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. >> gretchen: why did you resign from the union? >> i left the union because i saw no purpose in belonging to it and i was broke, i was a teacher and i needed money. >> steve: and you live in florida, you don't have to belong to the union. >> exactly. >> steve: what do you make of the proposal by the american federation of teachers. they will have a high standard like a bar exam for teachers because it is hard to be a lawyer and hard to become a teacher, right? >> right. [laughing] i don't buy it. every state already has in place certification tests that people take. i believe that their intention to make the standards more rigorous. i fully support and i think you node the best of the best teaching the students. but at the same time. you continue to demand higher and higher quality and somebody has to pay for it. >> gretchen: don't you think it could be the teacher unions have come under fire because of the documentaries like waiting for super man and other movies that came out and said it is because of the unions potentially that
. >> gretchen: why did you resign from the union? >> i left the union because i saw no purpose in belonging to it and i was broke, i was a teacher and i needed money. >> steve: and you live in florida, you don't have to belong to the union. >> exactly. >> steve: what do you make of the proposal by the american federation of teachers. they will have a high standard like a bar exam for teachers because it is hard to be a lawyer and hard to become a teacher, right?...